Watch out: New Yorkers are coming

From the February 27 issue of New York magazine, we learn that Shanghai is the No. 1 destination New Yorkers are “fleeing” to (Nos. 2 and 3 are Budapest and Pittsburgh, naturally). Here’s what the magazine wrote about our city:

For aspiring Masters of the Universe, there is only one place to go: China’s hyperbolically bustling financial capital. “Everyone sees China in Bloomberg and Time and Le Monde and The Guardian and wants to be part of it,” says Ryan Barrett, a 25-year-old who’s been working in business development here since 2003. A few years ago, Shanghai was little more than a “frontier outpost,” says Barrett, but now living here means shopping at Marc Jacobs, dining at Jean Georges, and driving a Lexus. Not that Shanghai is simply Wall Street East—it’s an intensely Chinese city, where it helps to speak not only Mandarin but Shanghainese as well.

Always amusing to read about Shanghai in foreign publications that don’t have Shanghai-based (or China-based) correspondents.